Zhejiang Shengyang Science and Technology Co., Ltd. (SHSE:603703) announces a share repurchase program. Under the program, the company will repurchase not more than CNY 200 million worth of its shares. The shares will be repurchased at a price not more than CNY 18 per share. The repurchases will be funded using the company's own funds. The shares repurchased will be used for equity incentive plans or employee stock ownership plans. The program will be valid for 12 months.

On January 14, 2022, the company announced that it has adjusted its share repurchase price from CNY 18.00 per share to CNY 34.70 per share.